GITEX Global 2024 is being held at Dubai World Trade Centre from October 14-18. Visit Huawei’s booths located in B10 and B20 of Hall 22. “Huawei Cloud brings global digital transformation best practices to the region with AI-native cloud services like databases, big data, data governance, software development, and AI,” said Alan Qi, President of […]
Effective October 1, the new rates are as follows: Super 98 petrol: Dh2.66 per litre (down from Dh2.90 in September) Special 95 petrol: Dh2.54 per litre (down from Dh2.78) E-Plus 91 petrol: Dh2.47 per litre (down from Dh2.71) Diesel: Dh2.60 per litre (down from Dh2.78) The price drop was anticipated due to subdued global oil […]
Biden and Vice President Kamala Harris will meet separately with UAE President Sheikh Mohamed bin Zayed Al Nahyan, the first in what is expected to be a series of foreign leader gatherings during the week of the United Nations General Assembly. Biden, speaking at the start of his meeting with the UAE leader, said Lebanon […]
According to sources, the Ministry of Commerce has proposed a new strategy to regulate exporting essential food items such as fruits, meat, poultry, sugar, and rice. The move came at a time when the government aims to curb inflation and ensure the availability of essential items at affordable prices. The ministry has also proposed to […]
Pakistan last month reached a staff-level agreement with the IMF for a new $7 billion loan program. However, the South Asian nation reportedly needed financing commitments from bilateral donors to get a final nod from the IMF board for a fresh bailout. “Pakistan has secured commitments from China, Saudi Arabia, and the United Arab Emirates […]
S&P Global Ratings affirmed its ‘CCC+’ long-term sovereign credit rating and ‘C’ short-term rating on Pakistan. The outlook on the long-term rating is stable. The IMF deal is expected to bring improvement in foreign exchange reserves, which will help Pakistan to meet its debt obligations. However, Pakistan is still dependent on rollovers to maintain its […]
According to sources, the government of Pakistan has expedited the process of privatizing First Women Bank, and the UAE government has shown interest in the privatization of the bank, sources added. Sources said that efforts have been made for a government-to-government privatization plan for First Women Bank since February 2024. The privatization of First Women […]
In 2023, the Board of Directors of Shell Pakistan Limited (SPL) held a meeting with its parent firm Shell Petroleum Company Limited (SPCo) where it was announced their intent to sell its shareholding in SPL. The shares were acquired by the Saudi group through Wafi Energy Holding Limited, a United Arab Emirates (UAE) based firm. […]
the finance ministry has completed the work on the matter and Prime Minister Shahbaz Sharif is likely to pen a letter to the UAE President Sheikh Mohammed bin Zayed al-Nahyan, for the rollover of the loan. Sources said, overall UAE kept $3 billion as a safe deposit in the State Bank of Pakistan out of […]
Fly Jinnah, the budget airline of Pakistan, has announced its upcoming direct flight service between Islamabad and Bahrain, starting from June 13. Initially, the flights will be available twice a week, offering a convenient travel option for passengers. The airline’s spokesperson expressed pride in this development, marking the fourth international route for Fly Jinnah after […]
